We were feeling kinda special here in MB after learning that the current median price for SFRs is down just 14% from the peak. (See the graph in "4th Qtr.: More Sales, Lower Prices
It turns out, much of the rest of the South Bay is in a similar spot.
That previous story – tying back to a prior South Bay Confidential column
for the Daily Breeze
– also showed that Redondo's median was down 14% from peak. Hermosa was down 19% at year-end 2010.
Now, research for the newest SB Confidential column
shows that Torrance and PV are each down 15% from peak. (Click the link to see the whole writeup; click this graphic to enlarge.)
That's a pretty impressive state to find the whole South Bay in after the carnage of recent years.